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BBCNEWS World July 5, 2024 - Vimarsana News

BBCNEWS World July 5, 2024

behind the alibaba single - our asia correspondent. he was behind the alibaba single stay l behind the alibaba single stay phenomenon in 2009 and has been the chief executive for about eight years and he has been the chairman for around four years but now he is stepping down and he willjust focus on heading up the company's new cloud computing unit which is going to work on artificial intelligence. it is all part of the company's broader pivot away from e—commerce and online shopping is what made it its fortune but in recent years sales have been sluggish and the value of the compa...

Google spent ₹17,500 crore to lay off 12,000 employees - Vimarsana News

Google spent ₹17,500 crore to lay off 12,000 employees

Google parent Alphabet announced plans to cut 12,000 job in January 2023, biggest in its history.

BBCNEWS Asia Business Report June 4, 2024 00:33:00 - Vimarsana News

BBCNEWS Asia Business Report June 4, 2024 00:33:00

Profit. microsoft's quarterly profit grew thanks to the strength of its cloud computing unit and sales from microsoft's intelligent cloud business, its biggest revenue driver grew 15% from this time last year to $24 billion. but that was perhaps less than wall street was hoping for because the share price initially traded lower. focusing on the big bit of artificial intelligence the ceo said we remain focused on leading the new ai platform shift. microsoft is not the only tech giant investing heavily in al. alphabet is developing and deploying ai heavily in al. alphabet is developing and deplo...

BBCNEWS Asia Business Report June 4, 2024 01:35:00 - Vimarsana News

BBCNEWS Asia Business Report June 4, 2024 01:35:00

Outlook for this year. they now think the global economy will grow 3% in 2023. the imf has highlighted future concerns such as rising interest rates as well as china's shallower than expected post covid economic rebound. it is also a big week for big tech and both microsoft and alphabet have reported their latest quarterly earnings and both saw their profits soar. both companies are locked in a race to develop artificial intelligence tools but as my colleague explains that is not quite driving future revenue just yet. when it comes to cloud services microsoft and google's parent company alphab...

BBCNEWS Asia Business Report June 4, 2024 23:34:00 - Vimarsana News

BBCNEWS Asia Business Report June 4, 2024 23:34:00

Growing very strongly, to be less — growing very strongly, to be less demand and that is weighing down. it domestic factors— weighing down. it domestic factors is the weakness in the property— factors is the weakness in the property sector that is weighing down on confidence in households and businesses wishing _ households and businesses wishing seem weaker consumption and weaker investment and that is a concern going forward. in is a concern going forward. in the is a concern going forward. the us, it's is a concern going forward. in the us, it's a big week for big tech because both mi...